Updating Your Marvell Benefits
Make sure to review the below items to make sure your benefits and information with Marvell is up-to-date.
Whether you are removing an ex-spouse from your benefits or adding yourself to Marvell's benefits after losing coverage, login at Benefits Enrollment Site within 31 days of the life event, click on link Change My Benefits > Life Events and follow the steps outlined. After you submit the changes you will receive an email from Marvell's benefits administrator, Businessolver, within 1 - 2 days asking for proof documentation of the life event. Once you upload your documents through your Benefits Enrollment portal, Businessolver will review the proof documentation and your benefit changes will be complete. Your ex-spouses coverage will run through the end of the month of the divorce.
Other Areas to Update
- Marital Status
- Login to Workday and update your marital status as well as your emergency contact. Any changes made to Workday will sync with the Benefits Enrollment Portal within 3 days.
- Tax Witholdings
- Beneficiaries
- You’ll have the option to update your beneficiaries for Life and AD&D Insurance when you update your benefits.
- Make sure to also update your 401(k) beneficiaries at www.schwab.com/workplace. Please note, your marital status within Workday will need to be updated prior to updating your beneficiaries within your Schwab portal.
- Retirement Planning
- Now's the time to reevaluate your 401(k) contributions. Visit www.schwab.com/workplace and review your contribution percentage.
- Want retirement advice from an expert? Once logged into your Schwab account, click on the Advice tab to access tools to help you determine how much to contribute to your account or schedule a call with a Retirement Advice Consultant for a personalized review of your account and recommendations to help you maximize your retirement goals.
- Estate Planning Documents
- Protect your assets by making sure your estate planning documents are in order.
- If you are enrolled in the Legal Plan, you can create estate planning documents or update your existing documents for free (notary fee not included).
- If you didn't enroll in the Legal Services Plan, Marvell has a few other resources to help you create a simple will.